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L’Hermitage Condos

L’Hermitage Galt Ocean Mile
Condos for Sale

Welcome to our June / July 2018 Blog on Luxury L’Hermitage Galt Ocean Mile Condos for Sale Fort Lauderdale

Fort Lauderdale condos for sale here in L’Hermitage 3100 N Ocean Blvd Galt Ocean Mile offer direct oceanfront units set right on the Beachfront.

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At the time of writing this Blog there are 20 x Luxury L’Hermitage Galt Ocean Mile condos for sale – 4 of which are new listings. 

There are 8 condos currently pending sale.

There have been 16 sales of luxury condos in the L’Hermitage complex over the last 6 months.

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft. 

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales prices to list price %), we also review the highest square foot prices paid over the last 6 months.

We also discuss recent sales trends in L’Hermitage – Important information for both buyers and sellers!

L’Hermitage Galt Ocean Mile
Key Statistics
L Hermitage Condo Condominium complex in Fort Lauderdale, Florida
Address: 3100 N Ocean Blvd, Fort Lauderdale, FL 33308 &  3200 N Ocean Blvd, Fort Lauderdale, FL 

Condos for Sale

  • Prices from $799,000 – $7,995,000

Median Prices

  • Median List Price $1,479,900
    – for a 3 bedroom 2 bathroom unit
  • Median Sales Price $1,132,500
    – for a 3 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $543.00
  • Sales to List Price 92%
  • Days on Market 59 Days
View of L'Hermitage condominium 3100 N Ocean Blvd Fort Lauderdale, Florida
View of L’Hermitage condominium 3100 N Ocean Blvd here on Galt Ocean Mile

L’Hermitage
Condos for Sale

There are currently 20 x L’Hermitage Galt Ocean Mile condos for sale – This is down a little from the 23 L’Hermitage Galt Ocean Mile condos for sale as in our last post for April / May 2018.

The market analysis report for these 20 x luxury condos for sale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1537 $799,000
Max 6 / 5 7167 $7,995,000
Avg 3 / 3 2751 $2,516,975
Median 3 / 2 2086 $1,479,900

This report shows us that the median price for a luxury oceanfront condo here in L’Hermitage is $1,479,900 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.

In our last post for April / May 2018 the median price for a L’Hermitage Galt Ocean Mile condo for sale was $1,199,000 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.

In our prior post for February / March 2018 the median price for a L’Hermitage Galt Ocean Mile condo for sale was $1,199,900 – this being for a 3 bedroom 2 bathroom unit of 2086 square feet.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

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Kevin Wirth P.A Realtor
Galt Ocean Mile Specialist
954-459-0337

email: kevinsellsmore@gmail.com

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Luxury L’Hermitage
Condos by Bedroom

Here is our market analysis report for L’Hermitage Galt Ocean Mile condos for sale – showing median prices by bedroom for all the units currently for sale.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1537 $883,950 $558.00
3 / 2 2086 $1,499,900 $725.00
4 / 4 4706 $4,874,500 $1,040.00
5 / 5 5898 $6,997,500 $1,282.00
6 / 5 4475 $4,900,000 $1,095.00

We can see from this report that the median price for:

  • 2 Bedroom 2 Bathroom units for sale is $883,950 – this being for a unit of 1537 square feet with a list price to square foot price of $558.00
  • 3 Bedroom 2 Bathroom units for sale is $1,499,900 – this being for a unit of 2086 square feet with a list price to square foot price of $725.00
  • 4 Bedroom 4 Bathroom units for sale is $4,874,500 – this being for a unit of 4706 square feet with a list price to square foot price of $1,040.00
  • 5 Bedroom 4 Bathroom units for sale is $6,997,500 – this being for a unit of 5898 square feet with a list price to square foot price of $1,282.00
  • 6 Bedroom 5 Bathroom units for sale is $4,900,000 – this being for a unit of 4475 square feet with a list price to square foot price of $1,095.00
View L'Hermiatage Galt Ocean Mile condo just listed for sale - Penthouse 2810
View L’Hermiatage Galt Ocean Mile condo just listed for sale – Penthouse 2810

L’Hermitage
New Luxury Listings

There have been 4 new listings of L’Hermitage Galt Ocean Mile condos for sale in the last 30 days.

This is up from our last post for April / May 2018 when there were just 2 new listings here at L’Hermitage!

Our market summary report for these 4 units is presented below.

CONDO BEDS / BATHS LA LP$
PH 2810 5 / 5 4630 $7,995,000
PH 2708 4 / 4 4938 $4,750,000
Unit 2603 3 / 2 2109 $1,450,000
Unit 705 2 / 2 1537 $799,000

We can see from this report the details for each unit:

Penthouse 2810 a 5 bedroom luxury L’Hermitage condo has just been listed for sale for $7,995,000this 5 bedroom 5 bathroom 4630 square foot unit has a list price to square foot price of $1,727.00

Unit 2810 is the most elegant and exquisite Penthouse available at L’Hermitage (and arguably all of South Florida)! All rooms have Direct Ocean and Southeast coastline views. The unit has two separate Southeast balconies with private views from Fort Lauderdale beach to South Beach

Penthouse 2708 a 4 bedroom luxury L’Hermitage condo has just been listed for sale for $4,750,000this 4 bedroom 4 bathroom 4938 square foot unit has a list price to square foot price of $962.00

Unit 2708 is a Southeast Penthouse unit in prestigious L’Hermitage II. Thus updated 4 bedroom / 4.5 bathroom unit offers over 5000 square feet of living space AND 4 balconies.  The unit has a Grand master with 2 large bathrooms and a large walk in closet. 

Unit 2603 a 3 bedroom luxury L’Hermitage condo has just been listed for sale for $1,450,000this 3 bedroom 2 bathroom 2109 square foot unit has a list price to square foot price of $688.00

Unit 2603 is sub-penthouse condo with 10 ft ceilings and 2 terraces with a direct east ocean view!   The unit is updated with tradtional décor and Marble and wood floors. The unit has an updated kitchen!

Unit 705 a 2 bedroom luxury L’Hermitage condo has just been listed for sale for $799,000this 2 bedroom 2 bathroom 1537 square foot unit has a list price to square foot price of $520.00

Unit 705 is 7th floor North facing condo at L’Hermitage with ocean views from every room. The condo has two bedrooms plus a den/office area with Murphy Bed. The unit features: Marble floors, split bedrooms and a huge terrace!

Look at the sweeping views from L'Hermitage Unit 2401 pending sale!
Look at the sweeping views from L’Hermitage Unit 2401 currently pending sale!

L’Hermitage
Pending Sales

There are currently 8 x luxury L’Hermitage Galt Ocean Mile condos pending sale here – In our last post there were 7 x luxury L’Hermitage condos pending sale and in our prior post there were 6 units pending sale!

Our market summary report for these 8 units is presented below

BEDS / BATHS LA LP$
Min 2 / 2 1537 $649,900
Max 3 / 3 2661 $1,995,000
Avg 3 / 2 2088 $1,206,600
Median 3 / 2 2086 $1,124,950

We can see from this report that the median price for a L’Hermitage Galt Ocean Mile condo pending sale is $1,124,950this being for a 3 bedroom 2 bathroom 2086 square foot unit with a list price to square foot price of $583.00

It is important to note is the median days on market for these units pending sale at just 84 days – or less than 3 months!

Pending Sales
Median List Price

Here is our market summary report for the luxury L’Hermitage condos currently pending sale showing median prices for units pending sale by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1583 $1,050,000 $534.00
3 / 2 2318 $1,360,000 $583.00

We can see from this report that the median list price for:

2 Bedroom L’Hermitage condos currently pending sale is $1,050,000this being for a 2 bedroom 2 bathroom 1583 square foot unit with a list price to square foot price of $534.00

3 Bedroom L’Hermitage condos currently pending sale is $1,360,000this being for a 3 bedroom 2 bathroom 2318 square foot unit with a list price to square foot price of $583.00

View L'Hermitage Fort Lauderdale condo recently sold - Penthouse 2709
View L’Hermitage Fort Lauderdale condo recently sold – Penthouse 2709

L’Hermitage Condos
Sales Last 6 Months

There have been 16 x Luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 monthswell up from our last post!

In our last post there were 11 x L’Hermitage Galt Ocean Mile condos sold over the preceding 6 month period.

The market analysis report for these 16 units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1977 $700,000
Max 5 / 5 4938 $5,050,000
Avg 3 / 2 2590 $1,644,531
Median 3 / 2 2332 $1,132,500

We can see from this report that the average price of a Galt Ocean Mile condo sold in L’Hermitage over the last 6 months has been $1,644,531 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet.

We can also see from this report that the median price of a condo sold in L’Hermitage over the last 6 months has been $1,132,000 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet.

In our post for April / May 2018 the median price of a condo sold in L’Hermitage over the last 6 months was lower at $1,115,000 – this being for a 3 bedroom 2 bathroom unit of 2318 square feet.

L’Hermitage Condos
Sales Prices by Bedroom

Here is our market summary report showing sales prices for L’Hermitage Galt Ocean Mile condos sold over the last 6 months by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 2332 $962,500 $413.00
3 / 2 2318 $1,115,000 $535.00
4 / 5 4299 $5,050,000 $1175.00
5 / 4 4938 $4,250,000 $861.00

We can see from this report that that the median sales price for:

  • 2 Bedroom L’Hermitage condos sold has been $962,500 this being for a unit of 2332 square feet with a list price to square foot price of $413.00.  In our last post there had been no 2 Bedroom L’Hermitage condos sold over the preceding 6 months! 
  • 3 Bedroom 2 Bathroom units sold has been $1,115,000 – this being for a unit of 2318 square feet with a list price to square foot price of $535.00.  In our last post the median for 3 Bedroom L’Hermitage condos was higher at $1,262,450 – this being for a unit of 2202 square feet with a list price to square foot price of $589.00.
  • 4 Bedroom 5 Bathroom units sold has been $5,050,000 – this being for a unit of 4299 square feet with a list price to square foot price of $1,175.00.  In our last post the median for 4 Bedroom L’Hermitage condos was higher at $5,299,000 – this being for a unit of 4229 square feet with a list price to square foot price of $1,233.00.
  • 5 Bedroom 5 Bathroom units sold has been $4,250,000 – this being for a unit of 4938 square feet with a list price to square foot price of $861.00.  In our last post the median for 5 Bedroom L’Hermitage condos was much higher at $5,299,000 – this being for a unit of 4229 square feet with a list price to square foot price of $1,233.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for L’Hermitage Galt Ocean Mile condos over the last 6 months.

SP$/SqFt
Min $300.00
Max $1175.00
Avg $587.00
Median $543.00

We can see from this report that the median sales price to square foot price paid for a L’Hermitage condo sold over the last 6 months has been $543.00 per square foot

It is important to note that median sales prices per square foot over the last 6 months is up from $535.00 as in our last post!

Also important to note is the highest price paid at $1,175.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for L’Hermitage Galt Ocean Mile Condos for sale we can gauge this based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

SP$/LP$
Min 76%
Max 98%
Avg 91%
Median 92%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in L’Hermitage  has been 92% the same as in our last post!

This means if a Luxury Fort Lauderdale condo for sale here in L’Hermitage is listed at $1,300,000 – then based on median sales data the condo could be expected to sell for 92% of that amount or $1,196,000.

Days on Market

Days on market for L’Hermitage Galt Ocean Mile condos for sale is an important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months

DOM
Min 16
Max 461
Avg 151
Median 59

We can see from this report that the average days on market for a Fort Lauderdale condo for sale in L’Hermitage is 151 days or just over 5 months.

More importantly is the median days on market at 59 days or just under 2 months – very fast!  

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

L'Hermitage Galt Ocean Mile Fort Lauderdale Florida
View of L’Hermitage condominium here on Galt Ocean Mile in Fort Lauderdale Florida

L’Hermitage
Condo Sales Itemized

Here is the data for each of the luxury L’Hermitage Galt Ocean Mile condos sold over the last 6 months 

BEDS / BATHS LA SP$
PH 2709 4 / 5 4299 $5,050,000
PH 2708 5 / 5 4938 $4,250,000
Unit 2210 3 / 2 2661 $2,550,000
Unit 1509 3 / 3 2762 $1,785,000
Unit 1901 3 / 2 2318 $1,375,000
Unit 2803 3 / 2 1977 $1,300,000
Unit 2207 3 / 2 2086 $1,250,000
Unit 1707 3 / 2 2086 $1,150,000
Unit 1402 3 / 2 2086 $1,115,000
Unit 1601 3 / 3 2318 $1,065,000
Unit 1102 3 / 2 2338 $1,000,000
Unit 1702 3 / 2 2338 $985,000
Unit 302 2 / 2 2332 $962,500
Unit 308 3 / 3 2596 $900,000
Unit 504 3 / 3 1977 $875,000
Unit 407 3 / 2 2332 $700,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for Penthouse 2709 a 4 bedroom luxury condo which sold for $5,050,000.

Penthouse 2709 was a 4 bedroom 5 bathroom luxury condo of 4299 square feet and sold with a sales price to square foot price of $1,175.00

Penthouse 2709 sold for 95% of list price and had 269 days on market or just under 9 months!

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

L’Hermitage Galt Ocean Mile condos for sale are “absolute” direct oceanfront condos set right on the beach in Fort Lauderdale.

We currently have a great range of luxury condos currently for sale – with 20 units on offer – including sought after penthouse and sub-penthouse units!

Sales have been strong over the last 6 months with 16 units sold and it is impressive to see the median days on market at just 59 days – very fast!

I hope you have enjoyed my post on Luxury Fort Lauderdale condos for sale here in  L’Hermitage

By Kevin Wirth Realtor